Stocks/Funds/CIK 1727862

Neumann Advisory Hong Kong Ltd

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1727862
Assets
$317M
+37.7% YoY
Holdings
6
Lifetime alpha vs market
-15.05% annual
Average hold time
5.7 yr
median 6.6 yr

Quarterly history

Cum return -21% vs S&P +52% · α -73% lifetimeAUM $317M · peak $622MFlow $4M (+1%)2017-122019-032020-062021-092022-122024-032025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
-3.02%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.68%
baseline attrition
Rally response
-0.22%
trims into rallies
when a holding rises +10%+

Top positions · 6

Ticker$ value% portYoYHold time
TSLATesla, Inc.$242M76.1%+43.4%8.5 yr
GOOGLAlphabet Inc.$46M14.6%2.3 yr
METAMeta Platforms, Inc.$22M6.9%-0.4%8.5 yr
APIAgora, Inc.$4M1.2%-11.9%5.8 yr
$2M0.6%7.5 yr
ESTCElastic N.V.$2M0.6%-43.9%1.8 yr

Portfolio composition (YoY)

Industry mix
Auto - Manufacturers76.1%+0.4pp$242M
Internet Content & Information21.5%+9.2pp$68M
Software - Application1.8%-4.6pp$6M
Unknown0.6%$2M
Country
US98.2%+7.1pp
CN1.2%-6.5pp
Unknown0.6%
Top 5: 99.4% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
TSLA$175M+0.08B43.4%
META$22M-0.00B-0.4%
API$9M-0.00B-11.9%
ESTC$6M-0.00B-43.9%

Losers

TickerPrev $PnLYoY %
ESTC$6M-0.00B-43.9%
API$9M-0.00B-11.9%
META$22M-0.00B-0.4%

Top buys this quarter · 1

GOOGL Alphabet Inc.+$46M

Top sells this quarter · 2

API Agora, Inc.$2M
MRNA Moderna, Inc.exit$1M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$317M6+37.06%+17.59%+19.47%+0.00B
2025-12-31$378M7+11.80%+17.72%-5.92%-0.01B
2025-09-30$393M8+67.39%+17.52%+49.87%+0.01B
2025-06-30$280M9+52.18%+14.94%+37.24%-0.00B
2025-03-31$231M9+31.79%+8.30%+23.49%+0.00B
2024-12-31$339M9+48.15%+24.89%+23.26%-0.03B
2024-09-30$247M12+3.21%+36.04%-32.83%-0.01B
2024-06-30$210M14-20.99%+24.49%-45.48%-0.01B
2024-03-31$204M15-10.92%+29.62%-40.55%+0.01B
2023-12-31$260M13+76.50%+26.18%+50.32%+0.00B
2023-09-30$249M14+0.84%+21.57%-20.73%+0.00B
2023-06-30$262M14-12.66%+19.42%-32.08%-0.01B
2023-03-31$226M13-50.74%-7.82%-42.92%-0.02B
2022-12-31$163M14-41.00%+7.56%-48.57%-0.01B
2022-09-30$285M16-18.57%-4.93%-13.64%+0.04B
2022-06-30$304M16-32.02%-16.11%-15.91%-0.00B